Fetch.ai Founder Reassures Users Amid Merger with SingularityNET and Ocean Protocol
- Humayun Sheikh Confirms Merger: Humayun Sheikh confirms the merger of FET, Agix, and Ocean into ASI token despite Coinbase's lack of support.
- Merger Details and Coinbase's Decision: The merger will distribute 2.631 billion ASI tokens with fixed allocations to FET, Agix, and Ocean holders starting July 1. Coinbase will not support the migration but will allow trading until further notice.
- Token Swap and Exchange Support: Centralized exchanges like Coinbase do not need to delist or relist FET tokens. FET holders are advised to do nothing for now as the merger progresses. Binance, Bitget, and Bitfinex support the merger.
- Future Potential and Industry Impact: The merger aims to unify decentralized AI firms into a single alliance, revolutionizing the industry. Despite Coinbase's stance, other exchanges show confidence in the merger's success and future potential.
- Market Impact: Prices of FET, Agix, and Ocean dropped following the news of the merger. FET dropped by 8.6%, Agix by 7.8%, and Ocean by 7.4% according to Coinmarket cap.
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Technical Analysis for FET
Technical Sentiment Analysis for Artificial Superintelligence Alliance (FET) As of , Artificial Superintelligence Alliance (FET) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FET stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FET is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Artificial Superintelligence Alliance (FET) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0607 | 0.0973 | 0.135 | 0.171 | 0.208 | 0.245 | 0.282 |
| Fibonacci | 0.0973 | 0.126 | 0.143 | 0.171 | 0.199 | 0.217 | 0.245 |
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